Should you Purchase Final Expense Life Insurance

final expense life insurance for seniorsManaging finances at the time of someone’s death is one of the most difficult aspects of losing a loved one. There are many people who do not plan for the financial side of their deaths and leave a mess to be cleaned up by their friends and family. Final expense life insurance is a product that anyone can afford, and it is a great thing to have in the event that someone passes away without warning. For just a couple of dollars per day, anyone can insure that their friends and family are not left with a huge mess to clean up at the time of their death.

What is Final Expense Life Insurance?

Final expense life insurance is a product for people that want to plan for a time when they are no longer here. A person pays in to the insurance policy every month, which is the premium, and at the time of death the beneficiary on the insurance receives a lump sum on the policy. Many times, this lump sum is enough to pay off all of the bills and debts left behind in a person’s finances after they have passed away. This is a great gift that anyone can leave their friends and family after they are gone, and makes the grieving process much easier.

Who Should Purchase Burial Insurance?

Anyone who expects to have bills to pay at the time of death needs to have some sort of life insurance for their friends and loved ones. If a person is married or has young kids, it is especially important that these people have life insurance ready for their loved ones. There are few things more sad than a spouse and children left behind that have a huge stack of bills to pay after the death of a husband or a wife. For just a few dollars per day, a person can prevent any of these things from happening by purchasing a life insurance product.

Can I Afford It?

The first question that many people ask on these life insurance policy usually revolves around the cost of the products. The good news is that the younger and healthier a person is, the cheaper the policy is going to be. If a person is less than forty and does not smoke, generally a large policy will be less than fifty dollars per month. For the peace of mind that a burial life insurance gives a family, there is no better investment in finance that a person can make. There are many different forms of insurance that are important in protecting assets and wealth, but having this life insurance policy can mitigate a lot of issues at death.

Final Thoughts

Overall, there are few insurance products that are as important as final expense life insurance. Having a policy in place can help protect your family and friends from having to clean up a large financial mess at the time of your death.

Additional Life Insurance Resources:

Insurance Buying Guide

Life Insurance Myths

Benefits of the Vanguard Index Funds

Vanguard index fundsWhen looking to save money and invest for the future, you should consider Vanguard. Yes, this company offers great index funds, and you are going to have plenty of advantages if you use this company. With this in mind, here are four benefits of Vanguard index funds.

Benefit #1

Lower fees than the alternative: First and foremost, if you want to invest in the overall stock market, you are going to save money if you invest in Vanguard index funds. Yes, while if you try it all on your own, you are going to pay a lot of fees, and you are going to waste money that will hurt in the long run as you won’t be able to save more money for retirement. In the end, this is a huge benefit for a person who is investing for the long-term as they can save a lot of money and invest more for their future.

Benefit #2

Good returns: Now, if you are going to invest for your future, you should consider Vanguard index funds. If you do, you are going to make money in both the short and long run. While not guaranteed, if you invest in index funds, you will have easier time making money as actively managed mutual funds are not that impressive, and you will get amazing returns by simply investing in a passive mutual fund.

Benefit #3

No work: Without a doubt, when looking to make money in the stocks, a lot of people think they have to spend their days and nights picking stocks. This is not the most effective way to make money, and it will usually just waste a lot of time. Instead, with an index fund from Vanguard, you will not have much work on your hands as you will not have to do any stock picking.

Benefit #4

Someone you can trust: Finally, when trying to make money in the market, you will want to choose a company you trust. When doing so, you will have an easier time laying out some cash and moving on your life. Simply put, if you want a name you can trust, you should check out Vanguard.

If you want to make money in the market with little effort, you should consider Vanguard index funds. When using this investment vehicle, you can make money with little effort, and you won’t worry about trusting the person who is investing your cash.